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Wec Energy Group Set to Possibly Pullback After Yesterday's Rally of 1.61%

By James Quinn

Wec Energy Group (NYSE:WEC) traded in a range yesterday that spanned from a low of $68.94 to a high of $70.43. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $69.10 on volume of 705,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Wec Energy Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wec Energy Group in search of a potential trend change.

In the past 52 weeks, shares of Wec Energy Group have traded between a low of $58.48 and a high of $72.09 and are now at $70.33, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

Keywords: rebounders wec energy group

Ticker(s): WEC